Algorithmic Collusion
Algorithms can engage in collusion similar to human agents, raising concerns about market manipulation. Martino explains the concept of tacit collusion, where participants may subtly coordinate their bidding strategies to maximize profits while punishing deviations. This nuanced understanding of auction dynamics reveals the potential for both intentional and unintentional collusion in competitive environments.In this clip
From this podcast
Data Skeptic
Artificial Intelligence and Auction Design
Related Questions